Exact Sciences sells more shares to underwriters

• Exact Sciences (NASDAQ:EXAS) enters into an agreement to sell 4M shares of common stock at an undisclosed price to underwriters Jefferies LLC and Robert W. Baird & Co. pursuant to a shelf registration previously filed with the SEC. The company also grants them the option to purchase an additional 600K shares.
• Proceeds will fund the commercialization activities related to Cologuard, product development and general corporate purposes.
• Shares are off 3% after hours on average volume.